Cardano’s short sellers are having a hard time. More than $500,000 worth of short positions have been liquidated in the past 24 hours, with the ADA hovering around $0.25 — a price that an unnamed trader calls a price point. powder keg ready to blow.
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Whale activity indicates silent accumulation
Exchange data tells a quiet story of trust beneath the surface. More ADA More money is flowing out of exchanges than is flowing in, a pattern that often emerges when large holders put coins in private wallets instead of preparing to sell.
The accumulation of whales has also increased. Reports indicate that the number of wallets with 10 million or more ADA recently rose to a four-month high, even as the price continued to decline.
The liquidation data reflects the same tension. Of the $637,500 in total ADA positions wiped out in the past day, shorts were responsible for nearly 80% of the damage. Long positions absorbed the rest – about $135,200 – as buyers found themselves on the wrong side of short downside swings.
BREAK:
CARDANO ( $ADA ) IS A TICKING TIME BOMB SAYS EXPERT TRADER 🤯🤯🤯
The target is $1.20 by the end of this week.
In his words: “there is nowhere left to go this week, it will both rise and fall.” pic.twitter.com/Sg8yef818a
— Mintern (@MinswapIntern) April 9, 2026
A graph that has been four years in the making
The technical arguments for an outbreak rest on a structure that has been built up since early 2022. Based on a chart shared by the self-proclaimed Chief Meme Officer of Minswap DEX Mint On
ADA’s all-time high of $3.10 came in 2021. After that peak, the coin fell sharply. By the week of January 17, 2022, the price had fallen from $1.60 to below $0.91, before finally settling at around $1.18 at the top of the channel.
That range – from about $0.23 at the low end to $1.18 at the high end – has limited price action ever since.
A descending trend line developed within the channel starting in August 2025, when the ADA peaked near $1.02 and then began to form a series of lower highs.
Today, price is where that trendline touches the lower boundary of the channel – a compression point that usually forces a decisive move.
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The unnamed trader’s analysis calls for a breakout to the upside with a price target of around $1.20 before the week ends. That would mean a gain of about 380% from current levels in less than two days.
A bold call from an unknown voice
Yet the prediction only has real weight if the source does – and that source remains unknown. The trader behind the ‘ticking time bomb’ call was never identified in the analysis Mintern shared, raising obvious questions about its credibility, track record and motive.
A 380% rally in 48 hours is an extraordinary claim. Extraordinary claims require more than an anonymous graph.
Featured image from Meta, chart from TradingView